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GameStop making $56 billion offer to acquire eBay, WSJ says | Fortune
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BBC NewsMay 4
GameStop offers to buy eBay for $56bn
26 minutes agoOsmond ChiaBusiness reporterReuters/Nick ZieminskiVideo game retail chain GamesStop confirmed to the BBC on Sunday that it is making a $56bn (£41bn) unsolicited takeover offer for e-commerce firm eBay.GameStop's chief executive Ryan Cohen told the Wall Street Journal that he sees potential to make eBay a much bigger rival to Amazon, "worth hundreds of billions of dollars".Cohen said his company has built a stake of around 5% in eBay and that the cash and stock takeover offer would value eBay at $125 a share, around 20% higher than its closing price on Friday.The BBC has contacted eBay for comment.Cohen also said that GameStop has a commitment letter from TD Bank to provide around $20bn in debt to help finance the deal.
FortuneMay 3
GameStop making $56 billion offer to acquire eBay, WSJ says | Fortune
May 3, 2026, 7:50 PM ETGame Stop video gaming store in Dublin, California, August 23, 2018. Smith Collection/Gado/Getty ImagesGameStop Corp. will offer $125 in cash and stock per eBay Inc. share in a takeover proposal valued at about $56 billion, the Wall Street Journal reported, citing an interview with GameStop Chief Executive Ryan Cohen. Cohen told the paper that GameStop has built a roughly 5% stake in the e-commerce platform and secured a commitment letter from TD Bank to provide about $20 billion in debt financing for a deal. The company is expected to make its offer public later on Sunday, the WSJ said. The executive also told the paper that he is prepared for a proxy fight and take the offer to shareholders if necessary. The Fortune 500 Innovation Forum will convene Fortune 500 executives, U.S. policy officials, top founders, and thought leaders to help define what’s next for the American economy, Nov. 16-17 in Detroit. Apply here.About the Authors